Abu-Dhabi-based Etihad Airways reported its largest net profit ever in 2015, a figure that jumped 41 percent, year-over-year, to US$103 million. Low oil prices and strong demand for cargo, passenger and other ancillary services helped elevate the carrier’s profitability last year. Cargo tonnage, in particular, grew by 4 percent to 591,000 tonnes.
Growth in cargo tonnage was assisted by the addition of bellyhold capacity, as well as new dedicated freighter routes.
The airline said it added six new widebody passenger routes in 2015 and up-gauged several other routes.